Fintel reports that on October 5, 2023, Truist Securities maintained coverage of Aarons Company Inc (NYSE:AAN) with a Hold recommendation.
Analyst Price Forecast Suggests 51.13% Upside
As of October 5, 2023, the average one-year price target for Aarons Company Inc is 14.84. The forecasts range from a low of 9.39 to a high of $18.90. The average price target represents an increase of 51.13% from its latest reported closing price of 9.82.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Aarons Company Inc is 2,386MM, an increase of 5.22%. The projected annual non-GAAP EPS is 1.70.
Aarons Company Inc Declares $0.12 Dividend
On August 16, 2023 the company declared a regular quarterly dividend of $0.12 per share ($0.50 annualized). Shareholders of record as of September 14, 2023 received the payment on October 4, 2023. Previously, the company paid $0.12 per share.
At the current share price of $9.82 / share, the stock's dividend yield is 5.09%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.74%, the lowest has been 0.77%, and the highest has been 6.24%. The standard deviation of yields is 1.36 (n=138).
The current dividend yield is 1.73 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is -8.59. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is -0.17%.
What is the Fund Sentiment?
There are 419 funds or institutions reporting positions in Aarons Company Inc. This is a decrease of 10 owner(s) or 2.33% in the last quarter. Average portfolio weight of all funds dedicated to AAN is 0.08%, an increase of 37.67%. Total shares owned by institutions increased in the last three months by 3.32% to 33,796K shares. 
The put/call ratio of AAN is 1.00, indicating a neutral outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 2,179K shares representing 7.06% ownership of the company. In it's prior filing, the firm reported owning 2,312K shares, representing a decrease of 6.10%. The firm increased its portfolio allocation in AAN by 33.61% over the last quarter.
Palisade Capital Management holds 1,249K shares representing 4.05% ownership of the company. In it's prior filing, the firm reported owning 1,188K shares, representing an increase of 4.88%. The firm increased its portfolio allocation in AAN by 51.64% over the last quarter.
Lsv Asset Management holds 959K shares representing 3.11% ownership of the company. No change in the last quarter.
Charles Schwab Investment Management holds 862K shares representing 2.79% ownership of the company. In it's prior filing, the firm reported owning 786K shares, representing an increase of 8.82%. The firm increased its portfolio allocation in AAN by 56.08% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 853K shares representing 2.76% ownership of the company. No change in the last quarter.
Aarons Company Inc Background Information
(This description is provided by the company.)
Headquartered in Atlanta, The Aaron's Company, Inc. is a leading technology-enabled omnichannel provider of lease-purchase solutions. Aaron's engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, appliances and accessories through its approximately 1,300 Company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform, Aarons.com.
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This story originally appeared on Fintel.
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